BBOD Blockchain Board Of Derivatives Introduces Ether Futures Trading
BBOD, found online at BBOD.io, claims to be the world’s fastest Ether-based futures trading platform. Find out how it works today in our review.
What Is BBOD Or Blockchain Board Of Derivatives?
BBOD, or Blockchain Board of Derivatives, is a futures trading platform capable of handling 1.25 million messages per second. Traders can participate in the BBOD marketplace without funds ever leaving their own crypto wallet.
Some of the core products offered by the company include the BBOX.10 Index Future, the Ether-Dollar future contract, and the altcoin futures contract.
BBOD is in development by GMEX Technologies, which announced the launch of the platform in March. The goal is to create the world’s fastest and largest Ethereum-based futures trading platform.
Let’s take a closer look at how BBOD works.
How BBOD Ether Futures Trading Works
BBOD offers a variety of types of derivative contracts. The profit and loss for all contracts are calculated in Ether. Here’s a brief overview of the futures contracts offered by BBOD:
BBOD.10 Index Future:
BBOD lets you buy or sell an entire basket of crypto assets in a single trade using the world’s only cryptocurrency index future based on the largest crypto assets. Just like a traditional index future on traditional financial markets, BBOD tracks the entire index. In this case, the “index” is the 10 largest cryptocurrencies by market cap.
BBOD claims their Ether-Dollar contract is the world’s only Ether-Dollar perpetual and futures contract with up to 50x leverage.
Altcoin Futures Contract:
Bitcoin-Ether Futures Contract:
BBOD offers a bitcoin-Ether futures contract with up to 25x leverage.
BBOD emphasizes all of the following features:
Most-Demanded Crypto Assets:
As mentioned above, BBOD features a selection of popular crypto assets, including most of the top 10 largest cryptocurrencies by market cap. BBOD claims to be the world’s first derivatives trading platform to speculate directly on Ether-Dollar futures contracts with up to 50x leverage. BBOD also believes products like its BBOD.10 Index Future will be popular with traders.
BBOD does not hold your crypto assets: users do. BBOD runs a non-custodial smart contract wallet system that allows users to remain in control of their funds throughout the trading process. All account balances are held by a decentralized smart contract on the Ethereum blockchain, with funds remaining in your control throughout the trading process.
Fast Trading Technology:
BBOD’s platform is powered by a low-latency, high throughput matching engine capable of processing up to 1.25 million messages per second with latencies under 25 microseconds. These speeds, according to BBOD, make the platform “the world’s fastest Ether-based trading system currently in global production.”
BBOD lets users connect algorithm-based trading strategies with deep liquidity using REST, Websocket, FIX API, and binary protocol.
Who Is Behind BBOD?
BBOD was created by GMEX Technologies, or GMEX, a wholly-owned subsidiary of GMEX Group. GMEX group is led by Hirander Misra, CEO of GMEX Group and Chairman of GMEX Technologies. The company launched a product called GMEX Fusion in January 2018. That product is designed for professional traders. It’s the underlying technology powering the BBOD platform.
GMEX announced the launch of its Blockchain Board of Derivatives (BBOD) platform in March 2018.
BBOD, or Blockchain Board of Derivatives, is a futures exchange built on the Ethereum blockchain. The goal is to provide the world’s fastest cryptocurrency derivatives exchange. BBOD also offers innovative products like the BBOD.10 Index Future, which tracks the price of the top 10 cryptocurrencies by market cap, then lets traders buy or sell index futures with a click.
To learn more about BBOD and how it works, visit online today at BBOD.io.